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Topic: CBN accuse Microfinance banks service for naira fall and place ban on new signee (Read 24 times)

legendary
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The bottom lines should be obvious already that the federal government does not give a damn about what would and what is benefiting the people under their governance, they are like those Irresponsible parents who just put bto births and doesn't care about the kids welfares and yet standing as the kids oppositions such as the enemy of progress against those kids by eating the last food in the pot while the kids under their responsibilities are hungry and tasty with some in demand of medical attentions but yet the parents are less concerned of their essential needs.

The federal government first staggered in banning and unbanning of crypto currencies to be accepted in the government walls of financial sectors until stabled on banning the crypto system, going by they accused Forex Traders of being responsible for the devalued of the naira and had its networking platform cutoff and on the short while they fought with Binance exchange and out of their greeds which the exchange refused to comply with the excessive huge amount of fee being charged to pay, they asked Binance exchange to delist the naira from its exchange which crypto investors can not use the platforms P2P transactions furthermore.

Now currently the same federal government has issued banned on the Microfinance banks such as the Monipoint,  Kuda and others from proceeding to accept more customers signing in to create accounts with them in accused that people are using the microsystem to manipulate the naira with the crytop currencies. Again? Hmm.
This is really serious and would cause a heavy alarm some days because Obi may not keep being a boy.

We are aware that lot of persons has been sustaining life through the financial operation system of the Point Of Sales (P.O.S) financial transaction services for source of income.
Also as due to the frustrations the commerical banks as been offering the masses, most persons has been comfortable with the Microfinance banks to to its flexibilities and compatible services.
Very possible to see the federal government shutting down those Microfinance banks in time to come.

It is just obvious that the government is acting on anti progress to the  public while shutting down those sectors which the masses are confided to earn eases to life despites the unfair governance systems.

CBN bans Moniepoint, Opay, Kuda, others from taking new customers over cryptocurrency involvement


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